Chart says all. Has been support in 2015/16 and 2018. WIll it hold again? I hope so; I'm going long here. 2054 is just 90 pips below now, IMO might see it this week.
We do have a Bearish engulfing candle on 3/11, ominous for lower... but price forms a descending wedge, pop could come anytime now IMO.
The selloff was so rapid and intense, the buyback will be a vertical recovery IMO.
Not advice; trade at your own risk, GLTA!
We do have a Bearish engulfing candle on 3/11, ominous for lower... but price forms a descending wedge, pop could come anytime now IMO.
The selloff was so rapid and intense, the buyback will be a vertical recovery IMO.
Not advice; trade at your own risk, GLTA!
Comment:
Futures trade at the 200 WMA now. Expect test. I'll be adding to this position.
Comment:
Another egg laid by the Great Donald drives it below 200WMA. Futurz form a descending narrowing wedge, a Bullish formation. Expect a strong bounce soon; legislation to pass on Friday and a big rate cut next week will turn it IMO.
Holding the longs and adding here! GLTA!
Holding the longs and adding here! GLTA!
Comment:
Another circuit breaker... wow. Panic... madness.
Trade active:
Added to SPXL long position. Holding on by fingernails. It will bounce soon IMO- looks like a 5th wave, capitulation. Hang on and grit your teeth!
Comment:
SPX now -24%, DJIA -28% in three weeks. Very close to pivot IMO, average news-driven panic drives ~29%. It will bounce.
Trade closed manually:
Yeah its insane we're just gambling. Stopped it out; wait it out!
Comment:
Looks like the relief rally is starting up. Gapped up; closed gap; and lifts; watch the close; if Monday is also green we got a bottom in place here.
Comment:
Still dicey.... no positions over weekend; Monday is a crapshoot.
Did okay day trading the bear flag... every one of these has broken.
Did okay day trading the bear flag... every one of these has broken.
